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Technology Stocks : 3Com Corporation (COMS) -- Ignore unavailable to you. Want to Upgrade?

To: joe who wrote (22654)	10/9/1998 4:40:00 PM
From: TechMeister	Read Replies (1) \| Respond to of 45548

Only suckers SOLD yesterday...It took a lot of GUTS to not sell yesterday. Even, I SOLD sold some (!!), the biggest sucker that I am anyway. Luckily sold just enough to get me less nervous. Now I dont plan to sell any COMS until it hits 40. Period.

To: joe who wrote (22654)	10/9/1998 4:45:00 PM
From: Wayners	Read Replies (3) \| Respond to of 45548

That's always the risk. The odds are for the gap down to selloff. Another way to play gap ups is to put in a buy stop higher past the gap up to catch a run like you say. Generally it takes company or sector specific news to make that happen. If it keeps running, my buy to cover stop would get hit. I place buy to cover stops at the same place I'd put a buy stop order. That's right, it depends on how sentiment builds this weekend, the overseas markets and the S&P Futures contract on monday. The odds are with me so far shorting a gap up on COMS. When the trend (3 day moving average) is up as opposed to the current down to flat--I look for gap downs to buy into instead. Just trade with the trend my friend. The flat trend we were left with after today made me make sure I didn't hold any position in COMS over the weekend.